Similar Posts

Employer or employee at fault? Tax office?

ByNewwavy

The following case: Student A works for a company on an hourly wage. She receives invoices from the company and, after some time, stops checking them for accuracy. Three years later, Student A wants to file a tax return and only realizes after filing and receiving the refund that the statements are incorrect. Example: According…

Subscribe
Notify of
2 Answers
Oldest
Newest Most Voted
Inline Feedbacks
View all comments
Giota210
Giota210
1 year ago

Provisions are liabilities which are uncertain in their existence or in the amount, but which are likely to occur.

The conditions are specified in R 5.7 (2) EStR.

  1. Liability to another or a public obligation
  2. the obligation is economically caused before the balance sheet date
  3. It is to be seriously expected that a claim from an unknowledged liability after its origin or amount is
  4. In future years, expenses may not lead to purchase or production costs for an economic asset/risk.

For more details and whether the requirements are in detail for a situation you may have, a tax advisor should be provided (this otherwise blows the frame here).

2
anTTraXX
anTTraXX
1 year ago

These are questions for your tax advisor!

1